Dentons’ Banking and Finance team in Warsaw has advised a syndicate of four banks (Bank PekaoS.A., Česká spořitelna, a.s., PKO BP, ING Bank Śląski) on the successive financing of AmRest Group.

On October 1, 2018, the parties signed an amendment to the facilities agreement (of 2017) granting a new facility of up to €190 million to AmRest Group for the financing of capital expenditure, M&A transactions and general corporate purposes.

Pursuant to the facilities agreement executed in October 2017, as subsequently amended, the banks agreed to make available to the borrowers the term loans up to PLN 580 million, €250 million and CZK 300 million. Furthermore, they signed a revolving loan of up to PLN 450 million to refinance the existing indebtedness and finance the organic growth of AmRest Group in Poland, as well as in many other European countries, including Czech Republic, France, Germany, Hungary, Romania, Russia and Spain.

As part of the transaction, Dentons lawyers advised on a range of complex issues arising from relations between the borrowers and the syndicate, as well as from the legal restrictions on the financing of AmRest Group’s activities in foreign jurisdictions.

The transaction was cross-border and involved co-operation of Dentons teams working in eight jurisdictions. Partner Mateusz Toczyski, Head of Dentons’ Banking and Finance practice in Europe, supervised the project from Warsaw. Counsel Bartosz Nojek led the transaction team with the support of associates Katarzyna Błachnio and Justyna Machnicka (Poland).

Other Dentons teams included:

• Jiří Stržínek, partner, Ondřej Valeš and Katarína Kucharovičová, associates (Czech)
• Bernhard Gemmel, partner and Tobias von Gostomski, counsel (Germany)
• Gergely Horváth, partner and Bence Böszörményi, associate (Hungary)
• Jabier Badiola Bergara, partner, Luis Belart Siguero, senior associate and Ignacio Fernández, associate (Spain)
• Timothy Stubbs, partner, Anna Nekhodtseva and Olga Sokolova, associates (Russia)
• Perry V. Zizzi, managing partner, Magdalena Raducanu, managing counsel, Oana Ionascu, senior associate and Cosmin Vasilescu, associate (Romania)
• Philippe Max, partner, Maximilien Plaisant, and Hortense Atthenont-Duret, associates (France).

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